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Bangalore-based online fashion retailer Zovi has acquired Mumbai-based rival firm Inkfruit. Tiger Global and SAlF have pumped $10 million into Zovi post the merger.
The SAIF incubated Zovi is an online private label brand modeled along China's blockbuster online fashion brand VANCL. This third round of investment brings the total funding raised by Zovi to $25 million.
Inkfruit is a community-based customized fashion and accessories retailer. The combined entity will have offerings for a wider age group of 16 to 45 year-olds.The company’s co-founders, IIT-Bombay alumni Kashyap Dalal and Navneet Rai, will stay invested in the entity. From the Venture Intelligence PE Deal database: SAIF and MakeMyTrip founder Deep Kalra had invested $5.5 M in Zovi in Jul-11. In Aug-11, SAIF and Tiger Global had invested $10-M.
In May-08, Inkfruit had raised angel funding from Mahesh Murthy, Anand Lunia, Paula Mariwala - all executives of Seedfund who made the investment in their personal capacity.…

Giftology, a New Delhi-based social gifting venture founded by Nikhil Sama and Aman Narang, has secured a round of funding from Kiran Sidhu, the Chairman of Transact Network. Sidhu, who had founded Transact in 2006, has made seed investments in various technology and biotechnology ventures.
Giftology allows users to present redeemable gift vouchers (paid and free) to their friends. It makes money via commissions from associated sites. The funding will primarily be used to expand the team, build a better product and roll out mobile apps across platforms.
Source:Yourstory.inAre you at APEX? Where The Stars Foretell the Future of Indian PE/VC http://ventureintelligence.in/apex13-mailer.htmAre you Showcasing at APEX? Don't Miss Out on THE Most Effective Investor Networking Opportunity of the Year
http://ventureintelligence.blogspot.in/2013/01/crucial-connect-to-venture-capital.html

MokshaYug Access (MYA), a rural supply chain enablement company in the dairy segment started by Harsha Moily, the son of Veerappa Moily, Minister of Petroleum and Natural Gas, is looking to raise Rs.50-60 crore by second half of 2013. The company had earlier raised Rs.40 crore from venture capitalist Vinod Khosla and Unity Equity fund. The company has launched its dairy brand, Milk Route.
MYA was started in 2006 as a microfinance firm. Over the last three years, through the milk procurement base, it has established a rural supply chain platform in 23 rural clusters that has an estimated agri output value of more than Rs.1,000 crore per annum. Its network consists of 15,100 farmers owning 18,200 cattle and 187 acres of irrigated land in 1,014 villages, across a transport network of 4,200 kms.
Source: Business StandardAre you at APEX? Where The Stars Foretell the Future of Indian PE/VC http://ventureintelligence.in/apex13-mailer.htmAre you Showcasing at APEX? Don't Miss Out on TH…

Accelerator 500Startups is inviting applications for its spring 2013 batch. The accelerator, founded by super angel Dave McClure, will accept all applications through the Angel Lists applications platform. . Applications will remain open until March 1, 2013. This is for the first time that 500startups is going 100% open applications, as opposed to the referral network it generally follows.
The accelerator invests anywhere between $25,000- $250,000 in nearly 150 startups. It usually invests around $50,00 for a 5% stake. The accelerator is looking for companies with traction that want to go to the Silicon Valley, companies without traction with a functional prototype, some usage or customers and a “reasonable idea” on how to make money.
Source: Nextbigwhat.comAre you at APEX? Where The Stars Foretell the Future of Indian PE/VC http://ventureintelligence.in/apex13-mailer.htm

Are you Showcasing at APEX? Don't Miss Out on THE Most Effective Investor Networking Opportunity of the Year…

Zao Foods Private Limited, a health food chain started by former investment banker Mitali Kalra, is scouting for venture capital investment for scaling up. The company is also looking for a rental place in Cyber City, Gurgaon, to open another outlet. Currently it has outlets in Hauz Khas Village and Greater Kailash in Delhi, with a turnover of Rs.25-30 lakh.

Angel-backed start-up accelerator VentureNursery has announced the newest batch of startups for its acceleration program - Interview Master, Klip, Smart Sample and The Venturator.
Interview Master is a hiring application which uses automated video interview solution to create, administer, evaluate interviews online using pool of pre-recorded video questions and structured evaluation tool. KLIP is a social shopping curation platform that helps users make better buying decisions and personalize their shopping experience.Smart Sample is an evolving community of new product enthusiasts that enables the users to voice their feedback and experience directly to large corporate at the launch and pre launch stage of the product. The Venturator is an online marketplace that connects start-ups with eco-system enablers.
Source: NextBigWhat.comAre you at APEX? Where The Stars Foretell the Future of Indian PE/VC http://ventureintelligence.in/apex13-mailer.htmAre you Showcasing at APEX? Don't…

Amarchand & Mangaldas topped the Venture Intelligence
League Tables for Most Active Legal Advisor for M&A transactions for 2012
with 114 points (across 30 qualifying deals) followed by Khaitan & Co. with 108 points
(across 28 deals) while AZB & Partners came in next with 92 points
(27 deals). The Venture Intelligence League Tables, the first such
initiative exclusively tracking transactions involving India-based companies,
are based on volume of PE and M&A transactions (combined with credits based
on fulfilment of criteria) advised by Transaction and Legal Advisory firms. Amarchand & Mangaldas advised M&A deals during the
year included the $2 Billion acquisition
of United Breweries by Diageo and Legrand's
acquisition of UPS business of Numeric Power Systems. Khaitan & Co.
advised deals included Tech Mahindra’s
$87 million acquisition of Hutchison Global Services and the acquisition of
L&T’s Plastic Machinery business by
Toshiba. Other legal advis…

Ernst & Young retained its status as the Most Active
Transaction Advisor for Mergers & Acquisitions deals in the Venture
Intelligence League Tables with 60 points (across 27 qualifying deals) during calendar
2012. Ambit Corporate Finance
finished second with 34 points (across 9 deals) while Deloitte and PwC
followed close for the third spot with 32 points each. Ambit topped the charts
in terms of value of deals advised (including Diageo's $2 billion acquisition of United Breweries). The Venture Intelligence League Tables, the first such
initiative exclusively tracking transactions involving India-based companies,
are based on volume of PE and M&A transactions (combined with credits based
on fulfilment of criteria) advised by Transaction and Legal Advisory firms. E&Y advised M&A deals during 2012 included Panasonic Corp's acquisition of Firepro
Systems and the acquisition of Suvi
Info Management by Jagran Media. PwC advised 20 deals while Deloitte
advised 17 d…

AZB & Partners retained its status – for the third consecutive year - as
the Most Active Legal Advisor for Private Equity transactions during 2012.
According to the Venture Intelligence League Tables, AZB finished the year with
116 points (across 29 qualifying deals). J
Sagar Associates vaulted to the second spot with 112 points (across 28
deals). Amarchand & Mangaldas and
Trilegal finished joint third with
90 points each (across 23 deals). The Venture Intelligence League Tables, the first such
initiative exclusively tracking transactions involving India-based companies,
are based on volume of PE and M&A transactions (combined with credits based
on fulfilment of criteria) advised by Transaction and Legal Advisory firms. AZB advised deals during the period included Warburg Pincus’ acquisition of controlling
stake in publicly listed Future Capital and IFC's $75 million investment in publicly listed Religare Enterprises.
JSA advised deals included Temasek’s $137
million in…

Bangalore-based software programming learning platform Codelearn has raised $150,000 in funding from French angel investment firm Kima Ventures in return for a minority stake. Codelearn, co-founded by Hemanth Haridas in July 2012, plans to use the funding to add more courses to its website and for hiring and marketing purposes.
The company allows programmers and non-programmers to learn various programming languages through interactive courses and an in-browser app development environment on its website. It offers these tutorials on a “need-to know” basis rather than the traditional chapter model - i.e. it only offers information that would be needed during a specific course and ignores all the smaller level details which may not be needed for a programmer.
Source: MedianamaAre you at APEX? Where The Stars Foretell the Future of Indian PE/VC http://ventureintelligence.in/apex13-mailer.htm

Are you Showcasing at APEX? Don't Miss Out on THE Most Effective Investor Networking Oppor…